Novartis Q3 core net income rises to $3.47 bln


Adds details about targets

ZURICH, Oct 27 (Reuters) - Swiss drugmaker Novartis NOVN.Ssaid on Tuesday that third-quarter core net income was $3.47 billion, up from $3.21 billion a year ago.

Analysts polled by Refinitiv had, on average, forecast $3.2 billion.

For 2020, the Basel-based company broadened its core operating income growth forecast to low double-digit to mid-teen percentage rate growth, from a low double-digit range previously, while net sales are expected to grow in the mid-single-digit percentage range.

(Reporting by John Miller; editing by Brenna Hughes Neghaiwi)

((; +41 58 306 7734; Reuters Messaging:

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


More Related Articles

Sign up for Smart Investing to get the latest news, strategies and tips to help you invest smarter.